United Phosphorus grows investor base

Unusual two tranche structure for Indian agro chemical company.

United Phosphorus, one of the world's top five generic agro chemical companies, raised $140 million from a two tranche CB last Friday December 9. The UBS-led deal differs from most Indian CB in that it forsook a hefty conversion premium in favour of a high degree of equity sensitivity.

The deal is split into two tranches, of which tranche A is effectively equity. This $60 million tranche was priced at par and has a...

To continue reading, please login or register for free

Click for more on: united | phosphorus | grows | investor | base

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...